Sandbox has had a better week than most crypto projects Because ‘The King’ has entered the Metaverse!
Elvis Presley Enterprises and Run it Wild, a Web3 studio that started the project earlier this year, are part of the alliance. Apart from The Sandbox, Dappraft, Decentraland, Voxel Architects, and MetKey are the other partners.
To commemorate Elvis Presley’s birthday, 1,935 Elvis Genesis Key NFTs will be released as an all-access pass to the Elvis-On-Chain Metaverse, which will debut on June 1.
Voxel Architects is collaborating with The Sandbox to create Elvis avatars. They will be used in the new Elvis universe, which will serve as a gathering place for Elvis lovers worldwide.
In the new environment, users can take on the role of ‘The King’ in various ways, interacting with others and trading digital relics.
The director of Run It Wild, Adam De Cata said:
“These incredible partners, all leaders in the craft, help us build a one-of-a-kind meeting place for Elvis fans. The Elvis metaverse will host an array of ground-breaking experiences, generative collections, a showcase of rare concerts, fan experiences, and real events.”
“We want to allow his admirers to express themselves and become their very own Elvis,” Sébastien Borget, COO and co-founder of The Sandbox, said. “We want to provide an exciting method to experience his image across generations and keep him eternally in the limelight thanks to technology.”
Marc Rosen, President, Entertainment at ABG (owner of Elvis Presley Enterprises and Iconoverse), quoted:
“Elvis On-Chain expands the opportunities for fans to come together in new ways. In a huge commemorative year for Elvis with the launch of Warner Bros. Pictures’ epic big screen drama, ELVIS, from filmmaker Baz Luhrmann, catapulting his legacy into the future”.
Decentraland will throw an Elvis Block Party after the mint of genesis NFTs. It will also be a Guinness World Record attempt for the largest gathering of Elvis impersonators in the Metaverse.
Elvis’s accouterments, such as his costume and styled wig, will be available to attendees. According to the story, holders of the coveted Elvis Genesis Key NFTs will be awarded officially licensed Elvis Decentraland wearables simultaneously.
More information will be revealed at a Twitter Spaces event on May 26 at 19.00 UTC.
SAND INCREASES BY 10%
The Metaverse project’s native token jumped about 20% in the first 12 hours after the announcement but was slightly retracted. At the time of writing, SAND had reached an intraday high of $1.52 before recovering slightly to $1.40.
Over the last week, the Metaverse coin has increased by 23%, going in the opposite direction of most crypto assets. The acquisition of an Uruguayan IT business Cualit last week added to the momentum of the Metaverse coin.
According to CoinGecko, SAND is presently trading at 83 % lower than its all-time high of $8.48 which was set in November 2021.
Over the last 12 hours, Decentraland’s MANA token has gained 9%, reaching $1.11 before reversing somewhat. On the other hand, MANA is down a similar percentage from its peak.